Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be paid a dividend of 0.065 per share by the investment management company on Friday, March 30th. This represents a $0.78 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Monday, March 19th.
Shares of Gladstone Investment (NASDAQ:GAIN) opened at $10.41 on Friday. Gladstone Investment has a 12 month low of $8.63 and a 12 month high of $11.50. The firm has a market cap of $338.60, a PE ratio of 13.88 and a beta of 0.52.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $16.18 million during the quarter, compared to analysts’ expectations of $13.42 million. Gladstone Investment had a net margin of 87.19% and a return on equity of 7.46%. research analysts expect that Gladstone Investment will post 0.77 earnings per share for the current fiscal year.
Several research analysts recently issued reports on GAIN shares. ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wedbush cut shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $10.50 to $11.00 in a report on Monday, November 20th. Zacks Investment Research raised shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, February 15th. BidaskClub cut shares of Gladstone Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Ladenburg Thalmann Financial Services raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Gladstone Investment presently has an average rating of “Buy” and an average price target of $10.67.
In other news, President David A. R. Dullum purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $9.56 per share, with a total value of $47,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.40% of the company’s stock.
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Gladstone Investment Company Profile
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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